476 E Chuckwalla RD, PALM SPRINGS, CA 92262
El Mirador (click for neighborhood info)
Sold
$995,000
Sold On 2021-03-16
Overview
MLS #
CV20263454MR
Listed on
2020-12-28
Status
Sold
Price
$995,000
Type
Residential Income
Size of home
3,605 sq ft
Beds / Baths
/ 6.00
Size of lot
10,890 sq ft
Neighborhood
El Mirador
Location address
476 E Chuckwalla RD
PALM SPRINGS 92262
PALM SPRINGS 92262
Description
We are pleased to present 476 E. Chuckwalla Road in the highly sought after city of Palm Springs. The property offers a unique unit mix ranging from (1) 2 Bedroom, (2) 1 Bedroom, and (3) Studio Units. The lot contains a desirable single-story constructed building with an elegant courtyard common area with xeriscape landscaping. Each unit also offers a private backyard for the tenants as well as plenty of onsite parking in the front of the lot. Tenants enjoy a coin-operated onsite laundry facility as well as central heating and A/C. Units have been upgraded with newer flooring, kitchens, and bathrooms. The demand for rentals in Palm Springs has outpaced supply over the years and this contributes to a growing rental market and rental rate. An investor will enjoy a solid current cash flow upon the successful close of escrow and opportunity for significant upside.
General Information
Original List Price
$995,000
Price Per Sq/Ft
$276
Furnished
No
Land Type
Fee
Land Lease Expires
N/A
Community Features
Curbs, Golf, Sidewalks, Storm Drains, Street Lights
Pool
Yes
Pool Description
None
Spa
No
Year Built
1959
Fireplace
No
Cooling Type
Central
Courtesy of:
KRISTOPHER GERMAN /
RE/MAX 2000 REALTY
476 E Chuckwalla RD